Advisors Asset Management Inc. Lowers Stake in Bunge Global SA $BG

Key Points

• Advisors Asset Management Inc. reduced its stake in Bunge Global SA by 35.1% during the 1st quarter, now owning 11,436 shares valued at approximately $874,000.
• In contrast, other institutional investors like American Trust Investment Advisors LLC and Evergreen Capital Management LLC increased their holdings in Bunge by 60.2% and 63.0%, respectively.
• Analysts have a consensus rating of "Moderate Buy" for Bunge Global, with a target price set at $85.33, indicating potential growth despite a year-over-year revenue drop of 3.6%.

Advisors Asset Management Inc. lowered its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 35.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,436 shares of the basic materials company's stock after selling 6,174 shares during the quarter. Advisors Asset Management Inc.'s holdings in Bunge Global were worth $874,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Trust Investment Advisors LLC lifted its holdings in shares of Bunge Global by 60.2% in the first quarter. American Trust Investment Advisors LLC now owns 106,219 shares of the basic materials company's stock worth $8,117,000 after buying an additional 39,905 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Bunge Global in the first quarter worth $236,000. Baird Financial Group Inc. lifted its holdings in shares of Bunge Global by 6.8% in the first quarter. Baird Financial Group Inc. now owns 23,497 shares of the basic materials company's stock worth $1,796,000 after buying an additional 1,497 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Bunge Global by 63.0% in the first quarter. Evergreen Capital Management LLC now owns 54,003 shares of the basic materials company's stock worth $4,127,000 after buying an additional 20,877 shares in the last quarter. Finally, State of Wyoming lifted its holdings in shares of Bunge Global by 15.7% in the first quarter. State of Wyoming now owns 5,189 shares of the basic materials company's stock worth $397,000 after buying an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on shares of Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Price Performance

Bunge Global stock opened at $84.22 on Wednesday. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 6.30 and a beta of 0.67. The firm's fifty day moving average is $80.08 and its 200 day moving average is $78.33. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $100.48.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. The company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the purchase, the director directly owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.

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